In This Post:
- Cardano could increase by 28% due to new partnerships.
- Chainlink and Metamask are adding new features for Cardano.
- Excitement about meme coins might drive ADA’s price higher.
Cardano (ADA) has been struggling lately, but recent changes could help its price rise. For the past 145 days, ADA has been dropping. However, new support from big names could change that.
Chainlink and Metamask Join Forces with Cardano
Chainlink is now providing important data for Cardano, which will help decentralized exchanges (DEXs) like Minswap and Dexhunter on the network. This means better pricing and fewer errors for transactions.
Metamask, a well-known crypto wallet, is also supporting Cardano through its Wallet Snap by NuFi. This lets Metamask users manage ADA assets and use Cardano’s apps, which could attract more users to Cardano.
Meme Coin Buzz Could Boost ADA
There’s talk about a meme coin season coming to Cardano. Snek.fun, a new meme project on Cardano, is launching soon. This has led to speculation that ADA’s price might go up if interest in these coins grows.
Despite a recent 0.8% drop in ADA’s price to $0.3222, the new support and excitement could lead to a rebound. ADA has been in a downward trend with support at $0.3050 and resistance at $0.3500 and $0.4000.
Recent patterns suggest ADA might be ready to rise. If it breaks above $0.4000 with strong trading, ADA could increase by 28%, pushing its market value to $14 billion and potentially surpassing Dogecoin.
Looking Forward
Cardano’s new partnerships with Chainlink and Metamask, combined with potential meme coin excitement, could lead to a significant price rise. Although ADA has been falling, these factors might help it recover and grow. Keep an eye on these developments, as they could greatly impact ADA’s future.
